Banks' strike on May'30-31,affects withdrawals,ATM transactions
Banks' strike on May'30-31,affects withdrawals,ATM transactions
Conciliatory efforts by CLC failed,employees of PSU banks will be on 2 days nationwide strike(May'30-31).SBI,BOB & Canara Bank,alerted that due to strike their services & operations would be affected. CLC held a conciliatory meeting between UFBU,finance ministry officials & IBA to avert strike,but it was all in vain.ATM security guards will also be on strike, some ATMs may remain shut on 2 days. UFBU - a body of 9 unions, eg AIBOC, AIBEA , NOBW called for strike to protest against 'meagre' 2% wage hike offered by the IBA,as against last wage settlement,was given a wage hike of 15%.
All conciliatory efforts by Additional Chief Labour Commissioner (CLC) failed, the employees of public sector(PSU) banks will be on nationwide strike for two days(May'30 and 31). Many banks, including State Bank of India, Bank of Baroda and Canara Bank, have alerted that due to strike their services and normal banking operations would be affected. CLC(Verma) had held a conciliatory meeting between the United Forum of Bank Unions (UFBU), finance ministry officials and the Indian Banks' Association (IBA) to avert the strike. Even after his efforts to sort out issues of the strike, but it was all in vain. Though the bankers, through the IBA, said they are willing to reconsider the proposed wage hike, there was no concrete proposal. Hence, the strike stands," All India Bank Employees' Association(AIBEA) General Secretary C H Venkatachalam said. As per General secretary, All India Bank Officers' Confederation, about 1 million bank officers shall be on strike on May 30 and May 31.
ATM security guards will also be on strike, some ATMs may remain shut over the next two days. So if your salary gets credited at the end of the month, you may not be able to withdraw it till Jun'01.
UFBU - an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) - had called for the strike to protest against a 'meagre' 2 per cent wage hike offered by the IBA earlier this month.
In the last wage settlement, for the period Nov', 2012 to Oct',2017, IBA had given a wage hike of 15 per cent. Hence UFBU is now demanding early wage revision settlement, an adequate increase in salary and improvement in other service conditions and wage revision settlement to include all officers up to scale VII, which will include divisional managers to general managers. IBA has currently decided to restrict wage negotiations to scale-III officers or up till the senior manager-level.
During the conciliation meeting, UFBU told the CLC that the proposed hike "was not at all acceptable, considering the rise in cost of living". IBA officials had stated that in view of the huge non-performing assets(NPA) of banks , the wage hike had to be capped at 2 per cent. According to a recent CARE Ratings report, NPAs of the 26 banks that have declared Q4 results so far show a 15% jump over December quarter at Rs 7.31 lakh crore.
UFBU convener said that "Because of provisions towards NPA that banks have booked losses, and for this, bank employees are not responsible". Huge increase in the workloads was there due Government's beneficiary schemes ".
The IBA officials had said that they were ready to negotiate further but having already waited nearly a month, the bank unions decided to go on strike. Ref. : https://www.businesstoday.in/sectors/banks/two-day-bank-strike-tomorrow-salary-withdrawal-atm-transactions/story/277934.html --- Dated: May'29,2018.
